Senate endorses Treasury plan

A large majority of US senators on Wednesday backed the Treasury's $700 billion plan to tackle the financial crisis.

Seventy-four senators voted to pass a revised version of the plan rejected by the House of Representatives on Monday, which now includes a provision to raise the guarantee on US deposits from $100,000 to $250,000.

Both Barack Obama and John McCain, the two candidates for the US presidency, backed the plan, which just 25 senators voted against.

The House, which is set to vote on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.